MUMBAI: Several young entrepreneurs from eight Commonwealth nations of Asia will towards the end of the year present a communique to the commonwealth secretariat containing policy recommendation on what young people from the member nations think on promotion of access to finance and favourable regulation and tax system for a robust entrepreneurial ecosystem.

The communique will be the outcome of the inaugural CAAYE Young Entrepreneur Summit to be held in December in Mumbai where 200 young entrepreneurs from eight countries in the commonwealth Asia region, including India, Pakistan, Bangladesh, Sri Lanka, Malaysia, Singapore, Maldives, Brunei, will participate.

The inaugural summit, to be held at Bombay Stock Exchange, is being organised by Young Indians (YI), a body of Confederation of Indian Industries (CII). YI has been given the role of chairing the alliance for the first two years.

"We will present as a group of young people a communique to the commonwealth secretariat. It will contain policy recommendations on what our young people want member governments to do to promote access to finance, to promote favourable regulation and tax system," said Rahul Mirchandani, founder president, CAAYE.

Through the commonwealth secretariat the communique will go to the member governments, including the government of India. YI will follow up with the government to India in a consultative manner to see that some of the policy recommendations are implemented, said Mirchandani.

"Our backyard is the fastest growing economies in the world. And we want to get the 200 people not only to listen and learn but also trade with each other," said Mirchandani.

The Commonwealth Asia Alliance of Young Entrepreneurs (CAAYE) was formed in November last year bringing together these eight countries. The network gives young entrepreneurs access to thousands of young entrepreneurs in their own alliance. The four major areas that the network focuses on include - education and skills, infrastructure, regulation and tax and entrepreneurship ecosystem and all of these leading to access of finance.